MISA ZAMBIA APPLAUDS GOVT’S INITIATIVE OF 3-YEAR TAX HOLIDAY ON BROADCASTING EQUIPMENT

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MISA Zambia Board Chairperson - Lorraine Mwanza-Chisanga

MISA ZAMBIA APPLAUDS GOVT’S INITIATIVE OF 3-YEAR TAX HOLIDAY ON BROADCASTING EQUIPMENT

….the 3-year suspension of Customs and Excise duty is a significant step towards promoting technological advancement and innovation within the broadcasting sector

Lusaka…. Wednesday January 10, 2023 (SMART EAGLES)

The Media Institute of Southern Africa (MISA) Zambia has commended the government for its forward-thinking approach in fostering the growth and development of the media industry through the recent announcement of a 3-year tax holiday on broadcasting equipment.

MISA Zambia Chairperson Lorraine Mwanza – Chisanga says this landmark initiative, as outlined in Statutory Instrument No. 67 of 2023, presents an invaluable opportunity for both newly licensed and existing broadcasting stations to enhance their capabilities and contribute to the enrichment of the media landscape.

Mrs Chisanga says the 3-year suspension of Customs and Excise duty, extending until December 31, 2026, is a significant step towards promoting technological advancement and innovation within the broadcasting sector.

She says MISA Zambia recognizes the government’s commitment to creating an environment that supports media organizations in their pursuit of excellence.

“In light of this, MISA Zambia urges all newly licensed stations and existing broadcasting
entities to seize this opportunity to import new broadcasting equipment or upgrade their existing infrastructure. This tax holiday is a strategic move that not only encourages technological investments but also ensures that media houses stay at the forefront of delivering high-quality content to the public.The media plays a pivotal role in shaping public discourse, disseminating information, and fostering societal development. By taking advantage of the 3-year tax holiday, media houses can enhance their operational capacities, improve content quality, and contribute to the overall growth of the media industry,” she submitted.

“MISA Zambia encourages media houses to review the Statutory Instrument No. 67 of 2023 for detailed information and guidelines regarding the tax holiday. This comprehensive document provides the necessary insights for broadcasters to navigate the benefits of the
initiative seamlessly.We believe that this tax holiday will empower media organizations to make substantial contributions to the socio-economic development of Zambia.”

The MISA Zambia Chapter Chairperson further said as the media landscape evolves, embracing modern broadcasting equipment is vital for staying competitive and meeting the ever-changing demands of audiences.

“MISA Zambia calls upon all stakeholders, including government agencies, industry players, and the public, to support and promote the effective utilization of this tax holiday for the betterment of the media sector and, by extension, the nation,” she concluded.

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